Bitdeer Technologies Group announced record Q3 2026 revenue of $320.7 million, an 89% increase year-over-year, driven by growth in self-mining, co-mining, and AI Cloud services. Adjusted EBITDA surged 173% to $69.6 million, reflecting operational expansion despite a net loss of $125.5 million mainly due to non-cash digital asset loan losses. The company secured a $2.9 billion AI Cloud revenue backlog and continues construction on its Tydal data center, aiming to expand AI capacity. Bitdeer plans to complete financings and bring its Malaysia AI Cloud operations online, positioning itself for growth in AI and Bitcoin mining infrastructure.
Bitdeer Technologies Group's stock price rose 6.35% to USD 7.03 on Pluang, showing strong investor interest following its record Q3 revenue announcement. The stock trades with a market cap of $1.80 billion and an 80% buy order activity, indicating positive sentiment. These figures are current as of Nov 10, 2026, 19:12 WIB.
